13D Filing: Lone Star Value Management and Edgewater Technology Inc (EDGW)

The following constitutes
Amendment No. 1 to the Schedule 13D filed by the undersigned (“Amendment No. 1”). This Amendment No. 1 amends the Schedule
13D as specifically set forth herein.

Item 2.

Identity and Background.

Item 2 is hereby amended
and restated to read as follows:

(a)       This
statement is filed by:

(i)       Lone
Star Value Investors, LP, a Delaware limited partnership (“Lone Star Value Investors”);

(ii)        Lone
Star Value Co-Invest I, LP, a Delaware limited partnership (“Lone Star Value Co-Invest I”);

(iii)       Lone
Star Value Investors GP, LLC, a Delaware limited liability company (“Lone Star Value GP”), which serves as the general
partner of Lone Star Value Investors and Lone Star Value Co-Invest I;

(iv)       Lone
Star Value Management, LLC, a Connecticut limited liability company (“Lone Star Value Management”), which serves as
the investment manager of Lone Star Value Investors, Lone Star Value Co-Invest I and a certain managed account (the “Separately
Managed Account”); and

(v)       Jeffrey
E. Eberwein, who serves as the manager of Lone Star Value GP and sole member of Lone Star Value Management.

Each of the foregoing
is referred to as a “Reporting Person” and collectively as the “Reporting Persons.” Each of the Reporting
Persons is party to that certain Joint Filing Agreement, as filed with the initial Schedule 13D.

(b)       The
address of the principal office of each of Lone Star Value Investors, Lone Star Value Co-Invest I, Lone Star Value GP, Lone Star
Value Management and Mr. Eberwein is 53 Forest Avenue, 1^st Floor, Old Greenwich, Connecticut 06870.

(c)       The
principal business of Lone Star Value Investors and Lone Star Value Co-Invest I is investing in securities. The principal business
of Lone Star Value GP is serving as the general partner of Lone Star Value Investors and Lone Star Value Co-Invest I. The principal
business of Lone Star Value Management is serving as the investment manager of Lone Star Value Investors, Lone Star Value Co-Invest
I and the Separately Managed Account. The principal occupation of Mr. Eberwein is serving as the manager of Lone Star Value GP
and the sole member of Lone Star Value Management.

(d)       No
Reporting Person, has, during the last five years, been convicted in a criminal proceeding (excluding traffic violations or similar
misdemeanors).